Entegris (NASDAQ:ENTG) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Entegris shares rose above their 200-day moving average, trading as high as $156.65 and last changing hands at $154.77, up 2.7%.
• Analyst sentiment is broadly positive: the stock has a consensus “Buy” rating and an average price target of $170.89, with Deutsche Bank raising its target to $200 and BMO lifting its target to $167.
• Entegris exceeded quarterly expectations, reporting $0.93 in EPS versus $0.82 expected and $883.2 million in revenue, up 11.5% year over year. The company also guided for third-quarter EPS of $0.96–$1.04 and maintains a quarterly dividend of $0.10 per share.

Shares of Entegris, Inc. (NASDAQ:ENTG - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $139.70 and traded as high as $156.65. Entegris shares last traded at $154.77, with a volume of 2,451,046 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ENTG. Weiss Ratings reissued a "hold (c)" rating on shares of Entegris in a research note on Monday, August 3rd. Zacks Research raised shares of Entegris from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Entegris from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft raised shares of Entegris from a "hold" rating to a "buy" rating and increased their price objective for the stock from $152.00 to $200.00 in a research report on Wednesday, August 12th. Finally, BMO Capital Markets raised their price objective on shares of Entegris from $153.00 to $167.00 and gave the stock an "outperform" rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $170.89.

Entegris Trading Up 2.7%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 3.05. The company has a market capitalization of $23.60 billion, a P/E ratio of 77.77, a PEG ratio of 1.39 and a beta of 1.37. The company's fifty day simple moving average is $140.18 and its 200-day simple moving average is $139.70.

Entegris (NASDAQ:ENTG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. Entegris had a net margin of 9.18% and a return on equity of 12.25%. The firm had revenue of $883.20 million during the quarter, compared to analysts' expectations of $835.79 million. During the same quarter in the prior year, the company earned $0.66 EPS. The company's revenue was up 11.5% compared to the same quarter last year. Entegris has set its Q3 2026 guidance at 0.960-1.040 EPS. Research analysts predict that Entegris, Inc. will post 3.91 earnings per share for the current year.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. Entegris's dividend payout ratio is currently 20.10%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Joseph Colella sold 3,916 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total transaction of $644,103.68. Following the sale, the senior vice president owned 50,297 shares of the company's stock, valued at approximately $8,272,850.56. This trade represents a 7.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Susan Rice sold 2,062 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $149.52, for a total value of $308,310.24. Following the completion of the transaction, the senior vice president directly owned 66,976 shares of the company's stock, valued at approximately $10,014,251.52. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 7,978 shares of company stock valued at $1,273,734. 0.53% of the stock is currently owned by corporate insiders.

Institutional Trading of Entegris

Several hedge funds have recently modified their holdings of ENTG. QRG Capital Management Inc. boosted its holdings in shares of Entegris by 13.5% in the 2nd quarter. QRG Capital Management Inc. now owns 14,286 shares of the semiconductor company's stock valued at $2,569,000 after buying an additional 1,701 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Entegris by 17.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,010 shares of the semiconductor company's stock worth $721,000 after acquiring an additional 603 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Entegris by 23.4% during the 2nd quarter. NewEdge Advisors LLC now owns 10,007 shares of the semiconductor company's stock worth $1,800,000 after acquiring an additional 1,898 shares in the last quarter. Baird Financial Group Inc. lifted its position in Entegris by 139.7% during the second quarter. Baird Financial Group Inc. now owns 12,618 shares of the semiconductor company's stock valued at $2,269,000 after acquiring an additional 7,354 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Entegris by 6.0% during the second quarter. Arizona State Retirement System now owns 43,652 shares of the semiconductor company's stock valued at $7,851,000 after acquiring an additional 2,458 shares during the last quarter.

Entegris Company Profile

Entegris, Inc is a global supplier of advanced materials and process solutions used in the semiconductor and other high-technology industries. The company helps manufacturers protect, purify, transport and process the highly sensitive materials used to produce integrated circuits, memory devices and other electronic components.

Its products and services include specialty chemicals and gases, liquid and gas filtration systems, wafer-handling and wafer-shipping products, contamination-control solutions, chemical-mechanical planarization materials, deposition materials and solutions for semiconductor packaging.

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